BROOKFIELD, NEWS, June 12, 2023 (GLOBE NEWSWIRE) -- Brookfield Corporation (“Brookfield”) (: BN, TSX: BN) today announced that all seven nominees proposed for election to the board of directors by holders of Class A Limited Voting Shares (“Class A Shares”) and all seven nominees proposed for election to the board of directors by the holder of Class B Limited Voting Shares (“Class B Shares”) were elected at the company’s annual and special meeting of shareholders held on June 9, 2023 in a virtual meeting format. Detailed results of the vote for the election of directors are set out below.
Management received the following proxies from holders of Class A Shares in regard to the election of the seven directors nominated by this shareholder class:
| Director Nominee | Votes For | % | Votes Withheld | % |
| M. Elyse Allan | 1,059,022,004 | 99.40 | 6,437,435 | 0.60 |
| Angela F. Braly | 1,058,854,433 | 99.38 | 6,605,006 | 0.62 |
| Janice Fukakusa | 1,050,599,675 | 98.61 | 14,859,764 | 1.39 |
| Maureen Kempston Darkes | 1,012,380,185 | 95.02 | 53,079,254 | 4.98 |
| Frank J. McKenna | 924,778,987 | 86.80 | 140,680,452 | 13.20 |
| Hutham S. Olayan | 1,060,455,241 | 99.53 | 5,004,198 | 0.47 |
| Diana L. Taylor | 1,004,437,315 | 94.27 | 61,022,124 | 5.73 |
Management received a proxy from the holder of Class B Shares to vote all 85,120 Class B Shares for each of the seven directors nominated by this shareholder class:
| Director Nominee | Votes For % |
| Jeffrey M. Blidner | 100.0 |
| Jack L. Cockwell | 100.0 |
| Bruce Flatt | 100.0 |
| Brian D. Lawson | 100.0 |
| Howard S. Marks | 100.0 |
| Rafael Miranda | 100.0 |
| Lord O’Donnell | 100.0 |
A summary of all votes cast by holders of the Class A and Class B Shares represented at the company’s annual meeting of shareholders is available on SEDAR at www.sedar.com.
About Brookfield Corporation
Brookfield Corporation (: BN, TSX: BN) is focused on compounding capital over the long term to earn an annualized return of 15%+ for our shareholders.
Today, our capital is deployed across three businesses – Asset Management, Insurance Solutions and our Operating Businesses, generating substantial and growing free cash flows, all of which is underpinned by a conservatively capitalized balance sheet.
We employ a disciplined investment approach, leveraging our global reach and the scale and flexibility of our capital, to identify proprietary opportunities to invest on a value basis. We then utilize our deep operating expertise, based on our 100+ year history as an owner and operator of real assets, to grow cash flows and create value in each of our businesses to generate strong risk-adjusted returns across market cycles.
For more information, please contact:
| Communications & Media Kerrie McHugh Hayes Tel: (212) 618-3469 Email: [email protected] | Investor Relations Linda Northwood Tel: (416) 359-8647 Email: [email protected] |
